In 2007, Gail Judd received the following dividends from
|
Benefit Life Insurance Co., on Gail’s life insurance policy (Total dividends received have not yet exceeded accumulated premiums paid) |
$100 |
|
Safe National Bank, on bank’s common stock |
300 |
|
Roe Mfg. Corp., a Delaware corporation, on preferred stock |
500 |
What amount of dividend income should Gail report in her 2007 income tax return?
- $900
- $800
- $500
- $300